FirstCash $500 million senior notes offering

Davis Polk advised the representative of the initial purchasers in a Rule 144A/Regulation S offering by FirstCash, Inc. of $500 million aggregate principal amount of its 4.625% senior notes due 2028.

FirstCash is the leading international operator of pawn stores with more than 2,700 retail pawn locations and approximately 19,000 employees in 24 U.S. states, the District of Columbia and four countries in Latin America including Mexico, Guatemala, El Salvador and Colombia. FirstCash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise and make small consumer pawn loans secured by pledged personal property.

The Davis Polk capital markets team included partner Michael Kaplan and associates Heita Miki and Zoe Chen. Partner Po Sit and associate Eitan Ulmer provided tax advice. Partner Gabriel D. Rosenberg and associates Greg Swanson and Charles Klug provided financial institutions regulatory advice. Members of the Davis Polk team are based in the New York and Washington DC offices.